Archive for March 3rd, 2005

The constantly expanding high-rise condo market in Las Vegas will gain another player. The Palms announced plans on Wednesday to add a 50-story luxury tower that will provide additional romping room for the property’s celebrity clientele. Palms developer George Maloof said the residential project is part of a $600 million expansion at the 4-year-old property. Already under construction is a 40-story hotel tower that will have 347 rooms and suites along with entertainment offerings, two new restaurants, a 2,200-seat showroom, and an 8,000-square-foot recording studio. The 34-acre site on West Flamingo Road will eventually encompass 1,300 rooms in three towers once the current expansion is completed. Las Vegas real estate gets another boost from a casino company that looks to combine additional hotel rooms with high-rise condo units for sale. Through the Maloof family’s network of Palms customers, including sports figures, actors and actresses, recording artists and other celebrities, sales have been brisk. The units are priced from $500,000 to $7 million.

The Nevada Ballet Theatre recently held it’s annual black-tie fundraiser and honored Ann Margret as its Woman of the Year. The event was a huge success and raised over $400,000. The event was attended by over 1000 celebrities and local business and community leaders. Past honorees include Celine Dion, Chita Rivera and Carol Channing. Just another reminder from MS Las Vegas Real Estate that Las Vegas is a real city. Did you even imagine that Las Vegas had a ballet company? We’re so much more than people think.